Outperformance in Financial Guidance
APEI exceeded both fourth quarter and full year 2024 financial guidance for revenue, net income, and adjusted EBITDA. Fourth quarter revenue was $164.1 million, up 7.4% from the prior year, and adjusted EBITDA was $31.4 million, a 22.2% increase year-over-year.
Rasmussen University Enrollment Growth
Rasmussen University experienced a 4% year-over-year enrollment increase in the fourth quarter of 2024, continuing the positive trend from the third quarter. This momentum accelerated with a 7% increase in the first quarter of 2025 compared to 1Q 2024.
Positive Trends in Hondros College
Hondros College reported a 19% enrollment growth in 4Q 2024 compared to 4Q 2023, marking the twentieth consecutive quarter of year-over-year enrollment growth. First quarter 2025 enrollment increased 9.6% year-over-year.
APUS Net Course Registrations Growth
APUS reported a 7% year-over-year increase in net course registrations in 4Q 2024, with a revenue increase of almost 4% due to overall growth in registrations.